Keeping up with the monumental changes in healthcare while trying to improve efficiencies and reduce costs may seem like an impossible task. That's where GHX Assessment Services come in. Our experts will assess your supply chain and build a design plan that supports your strategic goals to improve margins. You'll be poised to implement products and technology that help optimize the value of your supply chain while lowering project costs and risks.

Automating your invoicing process is an important part of the AP optimization equation, but technology alone won’t solve your business problem. Turn to GHX AP Optimization Services to help you achieve hard-dollar savings and reduce labor requirements by transforming your accounts payable function. Say goodbye to the days of paper-based processes plagued with errors and inefficiencies and hello to a well-tuned, efficient and highly automated operation.

To make your investment in e-commerce worthwhile, you need to reach the volume of transactions required to truly realize the benefits you expect—and need. Start seeing the results you’re looking for with GHX e-Commerce Acceleration Services. We’ll help you send up to 90 percent of your transaction volume through GHX in as little as 90 days for significant cost and labor savings.

Manager, Product Manager

Healthcare Transformation: Clean Data at the Center

The healthcare industry is undergoing a transformation aimed at providing higher quality, more cost-effective care. Key to striking the balance between cost and quality is data.

At GHX, we know data can help organizations set strategic direction and direct critical business and care decisions. However, this only holds true when “bad data” does not serve as the foundation for efficient and effective value analysis efforts.

For instance, healthcare providers take advantage of their supply chain data to help reduce cost and improve standardized patient care. That data, coupled with predictive analytics, helps to better anticipate future product demand — which enables providers to avoid losing speed to patient care due to discontinued or backordered products.

GHX CEO Bruce Johnson recently offered his insights in this HIT Leaders and News byline about clean data at the heart of healthcare’s transformation.

When dirty data (inaccurate, incomplete, or outdated information) forms the basis for strategic decisions, a host of issues arise. These issues include lack of visibility, increased risk for more errors, clinician distrust, and an inability to accurately measure results.

Hospital leaders often blame their inability to deliver accountable and informed care on inaccurate data. Adding to the substantial challenges for ensuring accuracy is the massive amount of data generated by healthcare IT systems. GHX has found:

Bad data contributes to over two million transactional errors each month

Corrections to hospital databases occur at a rate of 192,000 edits each month

On average, changes are made yearly to one-third of the 30 million plus medical-surgical products on the market in the U.S.

Driving data integrity from the ground up allows data to form the foundation of strategic, operational and IT initiatives.

It starts with hospitals and health systems:

Establishing a master data management strategy

Enriching item master data

Implementing a robust content management solution

Systematically correcting product data inaccuracies

Cleansing data and maintaining its integrity turns previously “bad data” into critical business information. Hospital leaders can use clean data to set strategic direction, feed EHRs, and support efficient and effective value analysis efforts. Accurate data provides the insight needed to improve operational performance, reduce costs, and provide better-informed, higher-quality patient care. Finally, organizations can maximize health IT investments by ensuring the accuracy and integrity of data at all times and build the foundation needed to drive transformation toward higher-quality and lower-cost healthcare.

Clean data truly is at the core to transforming the healthcare industry.